Press

Nocom strengthens and streamlines operations - Nocom Security sold

Nocom AB has reached an agreement for the sale of Nocom Security.

Nocom Security is active in distribution of security products and is a Nordic organization with 36 employees in Sweden, Norway and Denmark. In 2006 Nocom Security recorded net sales of SEK 188 million and a loss of SEK 8 million.

The sale will be carried out on September 28 and is not expected to have any impact on profit.

As a result of the transaction, Nocom Security will be reported as a “discontinued operation held for sale”. For the financial year 2006 the Nocom Group thus reported pro forma sales of approximately SEK 590 million and an operating profit of around SEK 63 million.

“The sale of Nocom Security is part of our previously communicated plan to boost the Group’s profitability and clarify our strategic focus,” says Stefan Ström, President and CEO of Nocom